Marcia's Blog

Four actions to save your house from foreclosure


If you’ve received a foreclosure notice, you may think your situation is hopeless. But the truth of the matter is many people turn their financial pictures around and save their homes.

You may be able to do the same thing if you act early enough and have the proper guidance.

Here are four steps you MUST take if you want to save your house from foreclosure.


Seek help immediately. This is not the time to go it alone. Foreclosure is a complicated and stressful process and your unique situation would determine the strategy you should use to fight it. A HUD-approved home counseling agency can guide you every step of the way and steer you toward programs that may be able to help you save your house.


Reach out to your lender.  Your lender is not the enemy. Lenders would rather a homeowner be able to come up with a way to keep their home than have to go into the real estate business. Let your lender know your intent to keep your home and that you are working with a HUD-approved agency to do so.


Open all your mail. If you’re one of those people who let their mail pile up on the counter, make sure you take the time to read all materials sent to you from your loan servicer and share that information with your counselor. Ignorance is not bliss. Stay informed during the entire foreclosure process.


Follow your counselor’s instructions. The HUD-approved counseling agency is your greatest ally during the foreclosure process. Provide a legible copy of each and every document requested of you by your home counselor as quickly as possible. This will ensure that all necessary paperwork can be sent to your lender on your behalf.


A foreclosure notice isn’t the end of the world. With the right guidance and a willingness to do what it takes, you can increase your odds of being in your home for the foreseeable future.